Relevant Life Insurance: Tax-Efficient Cover Paid Through Your Business
How does relevant life cover works?
Once you fill up the form we get our financial adviser (who’s authorised & regulated by the FCA) to call you to discuss your best possible options.
Key Features
Tax-free lump sum if you die, become terminally ill
The maximum term on this policy is to the age of 75
Whole-of-market access allows the advisers on our panel to compare suitable policies and recommend cover based on your individual needs, circumstances and budget.
Premiums remain the same throughout the term
You can stop the policy at any time as there is no contract
The money goes to the family
Tax relief on premiums
Benefits of taking out a relevant life cover:
- It’s the most tax-efficient way of setting up a life cover and it does exactly what a regular life insurance would do but for a much better price.
- It can actually help you save almost 50% of your monthly life insurance premiums
What is Relevant Life Cover?
Relevant life cover is a type of life insurance policy that a business can take out to provide life insurance for an individual employee (usually the director or the owner of the business).
A Relevant Life Plan offers a cost-effective way for an employer to arrange Life Cover on the life of an employee, with the benefit payable to the employee's family or financial dependants.